Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
Frankolala
on 14/10/2024, 16:30:35 UTC
⭐ Merited by JayJuanGee (1)
Bitcoin have reached $65k today, a proof that the hope of $100k this year is not lost. I have always known that the market will rise when many people will least expect and there are indications that a lot of people are already doubting that we will still see $100k this market cycle. You can see that from the enthusiasm of people that is wanning daily because bitcoin have refused to run to $100k as they were expecting. This bring to mind that the real winners of bitcoin investment are those who see beyond today and are busy buying instead of being worried by the continuous corrections the market have been giving.

It is not still late to get some bitcoin at low price. $65k is still low compared to where bitcoin will be in coming years because a lot of players are getting involved in bitcoin daily and the trend will not slow down soon. The US election is around the corner, it has the tendency of making the price rise astronomically.
I am not really surprised that bitcoin hit $65k today, it was already coming even though many people have been saying all manner of stuffs about bitcoin going back to $58k and $54k. To me bitcoin is really underpriced at present, even at $65k. At some point I don't really blame most people who keeps doubting bitcoin price getting to $100k. Most of them didn't witnessed the bitcoin price surge of 2017 and 2021, because anyone who witnessed these price surges will never doubt bitcoin getting to $100k. Someone will argue that things are different now compared to 2017 and 2021. But one thing they don't know is that, bitcoin awareness and adoption now is far better than what we had back then.

 So if the awareness and adoption now has multiplied what will stop bitcoin from reaching $100k and above this bullrun? Absolutely nothing. It's just a matter of time. So let's brace up and get fully prepared for what's coming.
It is only those who are planning to take profit when bitcoin price reaches 100k that are worried, and it seems like 100k price is like the coming of Christ to them because they are too impatience due to the trader nature in them.

As for me, I don't care about bitcoin reaching 100k because I am still on my accumulation journey and every price is an opportunity for me to continue buying to increase my bitcoin stash overtime till, I reach my bitcoin target. I have the believe that bitcoin price will go above $100k and reach $500k in future, which is the main reason why I am only worried on increasing of the size of my bitcoin portfolio so that I will be smiling in future and not when the price hits 100k in few months. Long term hodling is the best